Day: 19 November 2018

In the FICC of it

“I have a great idea,” said P&L’s managing editor Colin Lambert. “Let’s record the podcast by the pool…”
Yes, we are back on the road again with this week’s podcast recorded in Hong Kong on the sidelines of the Profit & Loss conference there and thankfully our audio engineers managed to alleviate the worst impact from Lambert’s “clever” suggestion.
So listen in as regular podcasters Lambert and P&L editor Galen Stops are joined by returning guest John Ashworth, CEO of Caplin, who immediately “owns” them by dropping a fantastic Hong Kong fact into the conversation very early.
Topics include a discussion about a very eye-opening chat at the start of the conference which looked at the chaos in Washington DC, the evolution of AI and Fintech and the differing attitudes to crypto markets in Asia and the US.
The podcast also includes Lambert’s observations on some very interesting answers to his questions on the future of the FX swaps market during the liquidity panel, however this week’s edition does come with a warning as it closes out by providing an image that some listeners may find disturbing!

Kwok Joins State Street

Louisa Kwok has joined State Street Global Link in London as product manager in its trade services business. Confirming her appointment, a spokesperson for the bank says she reports to Kate Lowe, global head of trade services.
Kwok joins after a one year stint at JP Morgan, where she was executive director, product delivery, for the bank’s investment middle office services unit in its Custody & Fund Services business. This was her second term at the bank, having worked there from 2002 to 2009.

And Finally…

Today’s column has a problem with complacency and worries about the chances of future generations forgetting the principles of the FX Global Code the way they did previous best practice documents. Luckily, being a “solutions based” forum, it has an idea that some may find controversial to help ensure that doesn’t happen.
Why is it controversial? How does employing members of the Cartel and other chat rooms – people who have either faced potential jail time or admitted guilt to the authorities – grab you?